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by eimrine
778 days ago
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> I said the dollar amount isn't meaningful. Because the original claim was that "crypto, much less crypto from Russians, hasn't been a meaningful contribution vector for Ukraine." Your saying isn't reasonable because you are talking about tangential things to cryptocurrency. Ability to donate from/to some dissidents despite of crazy thugs is meaningful. Amount of donated funds by Ukrainian anti-Russian adventure is not. > It means crypto is being used to send U.S. dollars. The Ukraine example is not a case study for crypto delivering value add at scale. It is as reasonable as to say that USD is being used to send Bitcoins. Why not, aren't you able to buy Bitcoins with USD? |
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Sure. Still isn't "a meaningful contribution vector for Ukraine."
> as reasonable as to say that USD is being used to send Bitcoins. Why not, aren't you able to buy Bitcoins with USD?
No, it absolutely isn't. The U.S. Treasury isn't holding a pot of Bitcoins to back its value. A stablecoin holds dollars or dollar-denominated assets. This is particularly germane given the context of money laundering.